- 20 years of dividend hikes
- Big technology impairment
RWS Holdings (RWS) has blamed its poor performance on “temporary headwinds” several times this year. However, investors will be getting increasingly nervous about the underlying health of the language services group, which translates things like patents and technical documents. Organic constant currency revenue declined by 6 per cent in the 12 months to September, reflecting “reduced client activity in a challenging market environment”. Meanwhile, adjusted profit before tax fell by 11 per cent to £120mn.